She choose not to do this and benefited from it by not having to pay tax on those funds, unfortunately, she also looses all the benefits that comes along with reporting that income to the government and one of those happens to be showing that she has been a law abiding citizen by paying what she is suppose to.

As for buy and hold, get an area that will appreciate fastest in this market...You can retire early :DWith the lending market continuing to tighten, the increased housing inventory, and the recession, it is much more difficult and "risky" (very loose term) to flip in these market conditions.

Yes I should say buy low/sell high rather than loosing our money, we need to know how to invest in the good deal.

I am loosing my mind.

i am sure once I am on here I will remember what it is that I am not doing right.In any case I am looking for someone who has 65K to lend on a rental property that I will loose if I do not have the money to pay off a balloon payment on May 3rd.

Section 8 tenants could loose their access to their funding (at least in Tx during our ownership interval) if they caused problems, we had very little trouble.

Then you don't have the headache of having to evict them and loosing $10k because they trashed everything on their way out.

Those were the days; the days of loose lending practices, that fired up a lot of gamblers.

Now if they were in fair/poor condition, that's another thing, but if they were close to being what is normal for that area, you can not ignore them unless you want to loose money.Having said that, if you want to throw away your money, I can give you my address and you can send it here.

I find it funny fox news blames Obama for the dow jones loosing 400 points but when it rallies back they dont say anything about him...